Fireman's Insurance Co. v. Vento

This is an appeal from an order granting summary final judgment in a breach of surety contract case. We reverse.

Appellee Vento bought an interest in a real estate limited partnership called Crossings at Oakbrook Limited Partnership [hereinafter “Crossings”] through his personal stockbroker. Vento executed a promissory note in the amount of $94,464 to obtain his partnership interest. Appellant Fireman’s Insurance issued an investors’ bond indemnification guaranteeing Crossings’s lender the payments due under the promissory note. When Vento stopped paying on the note, Fireman’s, as surety, made…